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Common use of No Extensions Clause in Contracts

No Extensions. As of the Cutoff Date, no extensions other than Payment Extensions not exceeding three months in the aggregate under any Lease have been granted.

Appears in 22 contracts

Sources: Servicing Supplement (Ford Credit Auto Lease Trust 2015-B), Servicing Agreement (Ford Credit Auto Lease Trust 2015-B), Servicing Supplement (Ford Credit Auto Lease Trust 2015-A)

Related Clauses

  • No Extension of Credit
  • Patent Extensions
  • Time Extensions
  • Renewal, Extension
  • Renewal, Extension or Rearrangement

Parent Clauses

  • Right to Extend Term
  • Representations and Warranties
  • Right to Expand
  • Sponsor’s Representations and Warranties About Each Receivable
  • Representations and Warranties of the Seller

Sub-Clauses

  • Financial Information
  • Not Binding Until Executed
  • Recordation
  • Interpretation
  • Rights Personal
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